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Steiner reveals new Concorde Agreement has confirmed Haas' F1 future

  • Published on 26 Aug 2020 15:03
  • comments 0
  • By: Coilin Higgins

Haas team principal Guenther Steiner has confirmed team owner Gene Haas has decided to continue in F1, despite recent rumours that the team may leave after next season.

It was recently revealed that all ten teams had signed on the new Concorde Agreement, which will run until the end of 2025, with Steiner noting the promise of a more level playing field and better revenue for teams has persuaded the American to stay in F1.

"Gene looked at it and Formula 1’s still a very good tool for getting his brand name, Haas Automation, out in the world. It works – otherwise, he wouldn’t be doing it," Steiner said in a recent preview on the upcoming Belgian Grand Prix on the team's website.

“He loves the sport as well. Even if it is a big financial commitment, with the new regulations coming in, it should make the playing field more even and the commercial aspects better for the smaller teams – so as a result, he has decided to continue.

For me, it means – even at the moment when we’re not running competitively, we’ve got a Formula 1 team which works, and that’s more down to the team than to me.

"I’m part of the team though, we all work together, and in the end, Gene believes in the team. Everybody is, for sure, happy to be moving forward now with the agreement signed.

“The budget cap should level the playing field, it will level the playing field – just maybe not in the first year, but in the mid-term for sure.

“The payments, to make it more equal, will also mean the smaller teams get a little more revenue. It’s never enough for the small teams by the way, but it levels the field and that should be the aim of a sport – any day, anybody can win.

“It’ll take a while until that happens but for Formula One it’s a big step in the right direction. Times change and I think Liberty did a great job in adapting to those times and making changes when it was needed. It was needed a few years ago, but it’s better late than never,”

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10 - Jul 12 2020
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17 - Jul 19 2020
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31 - Aug 2 2020
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14 - Aug 16 2020
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23 - Oct 25 2020
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31 - Nov 1 2020
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13 - Nov 15 2020
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27 - Nov 29 2020
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11 - Dec 13 2020
United Arab Emirates
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Formula 1 Calendar - 2020

Date
Grand Prix & Circuit
3 - Jul 5 2020
Austria Red Bull Ring
10 - Jul 12 2020
Austria Red Bull Ring
17 - Jul 19 2020
Hungary Hungaroring
31 - Aug 2 2020
United Kingdom Silverstone
7 - Aug 9 2020
United Kingdom Silverstone
14 - Aug 16 2020
28 - Aug 30 2020
4 - Sep 6 2020
Italy Monza
11 - Sep 13 2020
Italy Mugello
25 - Sep 27 2020
Russian Sochi Autodrom
9 - Oct 11 2020
Germany Nurburgring
23 - Oct 25 2020
31 - Nov 1 2020
13 - Nov 15 2020
Turkey Istanbul Park
27 - Nov 29 2020
11 - Dec 13 2020
United Arab Emirates Yas Marina Circuit
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